The biodiesel industry in the United States has realized significant growth over the past decade through large increases in annual production and production capacity and a transition from smaller batch plants to larger-scale continuous producers. The larger, continuous-flow plants provide...

This paper determines the demand for a forestry program amongst rural households in western Kenya. It is based on a field survey with 277 households, using a stratified random sampling approach. The study follows attribute based method to elicit farmers’ preferences. Demand is measured in...

The South Pacific is home to the world's largest and most valuable tuna fishery. Despite this, the Pacific island countries have found it tremendously difficult to capture significant economic rents from the resource. It is argued in this paper that poor economic policy partly explains this....

In this paper we develop a positive calibrated approach to stochastic dynamic programming. Risk aversion, discount rate, and intertemporal substitution preferences of the decision-maker are calibrated by a procedure that minimizes the mean squared error from data on past decisions. We apply this...

Water quality management under the watershed approach of Total Maximum Daily Load (TMDL) programs requires that water quality standards be maintained throughout the year. The main purpose of this research was to develop a methodology that incorporates inter-temporal variations in stream...

Estimating non-market value on a site-by-site basis is a costly and time-consuming task. Benefits transfer is an alternative approach. We attempt to assess the bias and reliability of predicted value from the benefit transfer approach, using the U.S. Fish and Wildlife Services' National Survey...

The objective of this paper is to identify factors which limit the ability of Zambian farmers to increase Maize productivity and/or diversify their crop mix. Both may enable wealth accumulation, investments, and further expansion. Specifically, we link variations in agricultural decisions,...